Personal Money Market Account
Limited transaction account that gives you a higher yield than a savings account.
Benefits
- $50 opening balance
- Minimum daily balance of $2,500 required to earn interest (Interest compounded on daily balance and paid monthly)
- Rates vary based on account balance
- Internet/Mobile/Text Banking
- Trust24 Telephone Banking
Conditions & Fees
- $10 monthly service charge if minimum daily balance falls below $2,500
- Limited transaction account with a $5 per item excessive withdrawal charge per statement cycle for any withdrawal exceeding account limitations
Premium Money Market Account
A limited transaction account that offers higher interest rates and premium benefits for our clients who have multiple accounts with The Bank & Trust. Premium
Benefits
- $10,000 Opening Balance
- Minimum daily balance of $2,500 required to earn interest (Interest compounded on daily balance and paid monthly)
- Rates vary based on account balance
- Internet/Mobile/Text Banking
- Trust24 Telephone Banking
Conditions & Fees
- Must have a Bank & Trust Checking Account
- $10 monthly service charge if minimum daily balance falls below $10,000
- Limited transaction account with a $5 per item excessive withdrawal charge per statement cycle for any withdrawal exceeding account limitations
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items.
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